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Saturday Jan 23 2021
By
Web Desk

US dollar sold at Rs161.2 on January 23

By
Web Desk
The buying rate of the US dollar was Rs160.6, while its selling rate was Rs161.3 on Saturday. Photo: STOCK IMAGE
  • The buying rate of the US dollar was Rs160.5, while its selling rate was Rs161.2.
  • On Friday, the rupee weakened further for the third consecutive session amid higher demand for the dollars for import payments.
  • Dealers said the local unit traded slightly weaker, as importers’ demand offset inflows from remittances and export selling.


KARACHI: The buying rate of the US dollar was Rs160.6, while its selling rate was Rs161.3 on Saturday, January 23.

On Friday, the rupee weakened further for the third consecutive session amid higher demand for the dollars for import payments, dealers said.

Dealers said the local unit traded slightly weaker, as importers’ demand offset inflows from remittances and export selling. 

“We expect the rupee to face a downside pressure in the coming week on the back of increased greenback demand for the import payments, especially oil and LNG,” a foreign exchange dealer said. 

Read more: US dollar being sold in Pakistan at Rs161.3 on January 22

“The rupee may touch 161 level against the dollar in the sessions ahead.

Meanwhile, the following were the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE's Dirham, and other foreign currencies in the open market.

The information has been obtained from the Forex Association of Pakistan.

CurrencyBuyingSelling
Canadian Dollar123
125 
Australian Dollar125
128
Euro193
195
Japanese Yen1.55
1.58
China Yuan24.9 
25.05
Saudi Riyal42.5
43
UAE Dirham43.5
44.4
UK Pound Sterling218.25
220.25 
US Dollar160.5
161.2